Glencore workers brace for Mount Isa layoffs
Glencore (LSE: GLEN) is set to shut its final two copper mines in Mount Isa, Queensland, next week, ending more than six decades of operations and marking the company’s exit…
Stock Markets/Investing
Onyx Gold expands drilling at Munro-Croesus
Onyx Gold (TSX-V: ONYX; US-OTC: ONXGF) said it’s more than doubling the current drill program at the Munro-Croesus gold project in Ontario after reporting high-grade results from five new holes….
Botswana seeks control of De Beers
Botswana is pushing to take control of De Beers as Anglo American (LSE: AAL) prepares to sell the diamond company. Duma Boko, president of Botswana, is determined to increase the…
G Mining wins Brazil court approval
G Mining Ventures (TSX: GMIN; US-OTC: GMINF) has scored a legal victory in Brazil that grants it permission to advance the Gurupi gold project. A federal agrarian court in Maranhão,…
Copper M&A sees Kinterra buy New World
The months-long takeover battle for Australian copper developer New World Resources (ASX: NWC) is drawing near a conclusion after Canadian private equity firm Kinterra Capital lodged an improved offer to…
Taseko says Florence copper project 90% finished
Taseko Mines (NYSE: TGB; TSX: TKO) reported that construction of its Florence Copper mine in Arizona is now over 90% complete. The company confirmed the project remains on track to produce first copper cathode…
Centerra buys 9.9% of Midland in juniors spree
Centerra Gold (TSX: CG; NYSE: CGAU), a top-10 Canadian producer of the yellow metal, is continuing to invest in domestic gold juniors, this time with the acquisition of a 9.9%…
Osisko lands $450M loan for Cariboo gold project
Osisko Development (TSXV, NYSE: ODV) has secured a $450-million (C$615-million) loan from Appian Capital Advisory to advance construction of the Cariboo gold project in central British Columbia. The senior secured…
New Found Gold posts high-return economics
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has outlined a staged development starting with toll milling and expanding to an underground mine and processing plant, according to a preliminary economic…
Equinox promotes former Calibre executive to CEO
Equinox Gold (TSX: EQX; NYSE-A: EQX) promoted chief operating officer Darren Hall to the post of CEO to replace founding shareholder Greg Smith, who is stepping down. Hall, a 40-year…
Mali judge rejects Barrick appeal to free staff
A court in Mali has rejected Barrick Mining’s (TSX: ABX; NYSE: B) appeal to release four employees arrested in November, deepening a high-stakes standoff between the Canadian mining giant and…
Titan guns for unique graphite ranking
Titan Mining (TSX: TI; US-OTC: TIMCF) says it’s on track start producing graphite in upstate New York this year at what will be the country’s only integrated producer of the…